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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Summary of Net Loss Before Provision for Income Taxes

Net loss before provision for income taxes consisted of the following (in thousands):

			Year ended December 31,
			2024						2023						2022
United States			$	(88,910)					$	(190,912)					$	(898,036)
International			41,685						34,067						23,983
Total net loss before provision for income taxes			$	(47,225)					$	(156,845)					$	(874,053)

Summary of Provision for Income Taxes

The provision for income taxes consisted of the following (in thousands):

			Year ended December 31,
			2024						2023						2022
Current
Federal			$	2,930					$	—					$	—
State			5,919						1,792						1,104
Foreign			5,849						5,972						4,710
Total current			$	14,698					$	7,764					$	5,814
Deferred
Federal			$	—					$	—					$	—
State			—						—						—
Foreign			(3,635)						631						(701)
Total deferred			(3,635)						631						(701)
Total income tax provision			$	11,063					$	8,395					$	5,113

Summary of Variation of Effective Provision for (Benefit from) Income Taxes from Statutory Federal Income Tax Rate

The provision for income taxes differed from the amounts computed by applying the U.S. federal income tax rate to pretax loss as a result of the following (in thousands):

			Year ended December 31,
			2024						2023						2022
Federal tax benefit at statutory rate			$	(9,917)					$	(32,937)					$	(183,551)
State tax, net of federal tax benefit			4,676						1,415						848
Research and development credits			6,650						(11,574)						(12,830)
Share-based compensation			34,227						10,956						5,828
Debt extinguishment			—						—						19
Global Intangible Low-Taxed Income (“GILTI”)			—						3,035						—
Foreign derived intangible income (“FDII”)			(2,143)						—						—
Other permanent differences			(983)						1,674						3,143
Foreign tax rate differential			(2,624)						548						(2,497)
Net operating (gains) losses not recognized			(18,823)						35,278						194,153
Release of valuation allowance associated with acquisitions			—						—						—
Total income tax provision			$	11,063					$	8,395					$	5,113

Summary of Deferred Income Tax Assets and Liabilities

The types of temporary differences that give rise to significant portions of the Company’s deferred tax assets and liabilities are as follows (in thousands):

			Year ended December 31,
			2024						2023
Deferred tax assets
Net operating loss and credit carry-forwards			$	407,235					$	463,400
Research and development credits			73,352						87,111
Research and development expenditure capitalization			201,814						130,792
Basis difference in investments			138						40,655
Sales tax accrual			67						67
Share-based compensation			5,926						21,014
Acquired intangibles			91,943						76,171
Accrued liabilities			15,141						17,994
Gross deferred tax assets			795,616						837,204
Valuation allowance			(644,379)						(674,720)
Total deferred tax assets			151,237						162,484
Deferred tax liabilities
Deferred sales commissions			(104,236)						(117,875)
Lease right of use assets			(6,948)						(8,255)
Property and equipment			(35,837)						(35,753)
Net deferred tax assets			$	4,216					$	601

Summary of Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits

The following shows the changes in the gross amount of unrecognized tax benefits as of December 31, 2024 (in thousands):

			2024						2023						2022
Unrecognized tax benefits, beginning of the year			$	31,976					$	26,412					$	20,010
Increases related to prior year tax positions			—						—						—
Decreases related to prior year tax positions			(3,088)						(418)						—
Increases related to current year tax positions			1,305						5,982						6,402
Unrecognized tax benefits, end of year			$	30,193					$	31,976					$	26,412

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

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-Topic 740
-SubTopic 10
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-Section 50
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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of the change in unrecognized tax benefits.

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